Dell shareholders on Thursday approved founder Michael Dell’s $25 billion bid to buy back the firm and take it private, ending a seven-month battle with a group of investors led by corporate raider Carl Icahn. This is reportedly the largest leveraged buyout since the Blackstone Group took hotel chain Hilton Worldwide private in 2007. Michael Dell reportedly plans to boost investments in mobile devices and data-center servers together with buyout partner Silver Lake.
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Michael Dell Gets the Green Light at Last
Posted by: Richard Adhikari September 12, 2013 02:01 PMDell shareholders on Thursday approved founder Michael Dell’s $25 billion bid to buy back the firm and take it private, ending a seven-month battle with a group of investors led by corporate raider Carl Icahn. This is reportedly the largest leveraged buyout since the Blackstone Group took hotel chain Hilton Worldwide private in 2007. Michael Dell reportedly plans to boost investments in mobile devices and data-center servers together with buyout partner Silver Lake.